The National Company Law Tribunal (NCLT) has partially allowed the application filed by the suspended promoters of Hotel Horizon, directing the exclusion of asset reconstruction company Phoenix ARC’s claim from the...
Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidder
Mumbai based Yogayatan Group has emerged as the highest bidder for the debt laden Lavasa Corporation increasing its bid to Rs 795 crore on a net present value (NPV) basis from Rs 725 crore previously. Bidders had been...
Building materials maker CRH to acquire Eco Material for $2.1 billion
Building materials maker CRH said on Tuesday it has agreed to acquire Eco Material Technologies, a supplier of supplementary cementitious materials, for $2.1 billion to expand its presence in North America. Dublin...
ADQ-Sheikh Tahnoon vehicle eyes $200 mn stake in Aadhar Housing Finance
An investment vehicle backed by Abu Dhabi sovereign investor ADQ and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan is in advanced discussions to buy a minority stake in Blackstone-backed Aadhar Housing Finance...
Phoenix Mills to acquire CPP Investments’ 49% in Island Star JV for Rs 5,449 Crore
Retail-led mixed use realty developer The Phoenix Mills Ltd (PML) will acquire the 49% stake held by Canada Pension Plan Investment Board (CPP Investments) in their joint venture Island Star Mall Developers Pvt Ltd...
Aurum PropTech acquires REA India’s PropTiger in strategic share-swap deal
Listed property technology company Aurum PropTech has acquired 100% of PropTiger, the Indian arm of News Corp Australia-backed REA Group, through an all-stock strategic equity swap. This marks the first-ever share-swap...
Mindspace REIT makes first third-party acquisition with Rs 512-cr deal in Hyderabad
Mindspace Business Parks Real Estate Investment Trust (REIT) has acquired a prime commercial asset Q-City, an 810,000 sq ft office campus spread over 6 acres of land in Hyderabad’s Financial District for over Rs 512...
Valor emerges as top bidder for Lavasa with ₹771-crore offer
Realty developer Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with an offer of ₹771.09 crore on a net present value (NPV) basis, as part of the ongoing insolvency resolution...
Adani submits unconditional bid for Jaiprakash Associates
The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders – Dalmia...
Oriental Trimex to divest land assets, granite unit
Marble processor and importer Oriental Trimex on Saturday said it plans to divest land assets and a small granite unit in Odisha to reduce expenses and streamline operations. According to a business update shared on...
Incuspaze buys realty analytics company VSKOUT
Flexible workspace provider Incuspaze has acquired VSKOUT, a business-to-business software-as-a-service solution offering data analytics for commercial real estate, just days after acquiring Pune-based smaller rival...
Adani Properties gets NCLT nod to acquire HDIL’s two assets
The National Company Law Tribunal (NCLT) has approved Adani Properties’ acquisition of two assets of defunct real estate developer Housing Development and Infrastructure (HDIL) through the corporate insolvency...
